Ilha da Madeira - Santa Cruz - Santa Cruz - For sale - COMMERCIAL SPACE OF SERVICES FOR CONVERSION TO APARTMENT SANTA CRUZ - 45PA/2023 - Portugal - Commercial property
Price Reduced
- 109,85m2
- 86,95m2
- 109,85m2
Ref: 45PA/2023
- 109,85m2
- 86,95m2
- 109,85m2
Ref: 45PA/2023
COMMERCIAL SPACE OF SERVICES FOR CONVERSION TO APARTMENT SANTA CRUZ
AVAILABLE FOR SALE OF PROPERTY PERFECT COMMERCIAL SPACE FOR CONVERSION TO APARTMENT FOR A.L IN THE AREA OF SANTA CRUZ
next to Services in the Center of Santa Cruz and next to the beach, with about 109.85 m2 with closed parking,
Portugal lives in arms with a strong problem at the level of Properties to monetize, due to the immense demand we have here this possibility for this conversion of Commercial space to Apartment, due to the high lack of supply for demand, accompanied by high house prices, at a time of falling purchasing power, escalating inflation and rising interest rates.
To try to respond to this challenge, the market has been developing solutions. And converting properties allocated to services / commerce in housing is one of them, we have here a solution that can give possibility of an Apartment for investment in an area near beaches.
Lower price than housing properties, and the fact that it is possible to reconvert the space to the buyer's needs and according to their taste, in addition to also increasing the alternatives of housing supply in the real estate market;
In theory, acquiring existing properties could reduce the cost and time of real estate development; Offer of a
differentiated product, with special characteristics (larger spans, amplitude in the areas) and with the potential of a more contemporary look;
next to Services in the Center of Santa Cruz and next to the beach, with about 109.85 m2 with closed parking,
Portugal lives in arms with a strong problem at the level of Properties to monetize, due to the immense demand we have here this possibility for this conversion of Commercial space to Apartment, due to the high lack of supply for demand, accompanied by high house prices, at a time of falling purchasing power, escalating inflation and rising interest rates.
To try to respond to this challenge, the market has been developing solutions. And converting properties allocated to services / commerce in housing is one of them, we have here a solution that can give possibility of an Apartment for investment in an area near beaches.
Lower price than housing properties, and the fact that it is possible to reconvert the space to the buyer's needs and according to their taste, in addition to also increasing the alternatives of housing supply in the real estate market;
In theory, acquiring existing properties could reduce the cost and time of real estate development; Offer of a
differentiated product, with special characteristics (larger spans, amplitude in the areas) and with the potential of a more contemporary look;
Property Features
- Proximity: Airport, Beach, Golf course, Restaurants, City, Open field, Hospital, Pharmacy, Public Transport, Schools, Public Swimming Pools, Playground, Shopping
- Next Accesses Via Express
- Built year: 2002
- Floors: 4
- Main drainage
- Walking distance to beach
- Energetic certification: C
- Mains water
- Balcony
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